#BigTechStablecoin METAPLANET BUYS ANOTHER 1004 BTC WORTH $104M.
Japanese firm Metaplanet just bought another 1,004 BTC-pushing its total holdings to 7,800 BTC (~$712M). The news sent its stock (3350.T) surging 12.6% to a 3-month high.$ETH
This is Metaplanet's third major purchase in May, outpacing even El Salvador's Bitcoin reserves. The company's BTC yield this quarter? 47.8%.
Metaplanet has fully embraced the Bitcoin treasury model-funding buys with zero-coupon bonds and reporting that 88% of its Q1 revenue came from BTC options trading.$BTC
Since adopting its Bitcoin strategy, the stock is up over 15x. Is this Japan's MicroStrategy in the making?
